Cyber insurance isn’t always what it seems

A huge portion of the costs of cybersecurity breaches come from lawyers negotiating against each other.

“Every year, the NetDiligence Cyber Claims Study shows that a substantial portion of insurance payouts go not toward technical recovery, but toward legal liabilities,” said Chris Cronin, Principal Consultant and Partner, Halock Security Labs. “That tells insurance carriers their policyholders represent a massive liability risk in their portfolios.”